TPG Is Said to Weigh Sale of Asian School Operator XCL Education

TPG Inc. is considering selling Southeast Asian school operator XCL Education and has attracted preliminary interest from industry peers and buyout firms, according to people familiar with the matter.

TPG is working with financial advisers on the potential disposal, the people said, asking not to be identified because the deliberations are private. A transaction could value Singapore-based XCL at as much as $1.5 billion, they said.

Considerations are preliminary and TPG could decide to keep the asset, the people said.

TPG declined to comment.

XCL owns and operates several international schools, including XCL World Academy in Singapore, the American School ...